Lloyds is one of the world’s biggest investment fund banks, with an estimated business volume of $127 billion.
The British bank Lloyds intends to promote the set up
of joint investment funds in Israel.
Minister of Finance Yaakov Ne'eman met this morning (Thursday) with senior bank representatives. At this meeting, Lloyds announced they are going into the investment field in Israel, jointly with international investment bank Global Investment.
Lloyds is one of the world’s biggest investment fund banks, with an estimated business volume of $127 billion.
The Minister of Finance emphasised at the meeting that the government’s consistent economic policy and the strength of the Israel economy in the face of upheavals on overseas financial markets make Israel a lodestone for foreign investors and entrepreneurs. The bank’s representatives said they ascribe great importance to the proposed tax reform. They emphasised that a reduced tax rate in Israel will provide a fillip for investments in the economy.
Published by Israel's Business Arena September 3, 1998